‘Great misery’: Kuwait political crisis drags down economy

DUBAI, March 26 — A seemingly never-ending political crisis is plunging oil-rich Kuwait’s economy into the mire, affecting basic services and causing mounting public...

DUBAI, March 26 — A seemingly never-ending political crisis is plunging oil-rich Kuwait’s economy into the mire, affecting basic services and causing mounting public concern.

However, it suffers from constant stand-offs between elected lawmakers and cabinets installed by the ruling Al-Sabah family, which maintains a strong grip over political life, despite a parliamentary system in place since 1962. Kuwait’s neighbours the UAE, Saudi Arabia and Qatar have managed to transform their desert nations into booming modern metropolises, largely thanks to oil wealth and foreign investment.

According to economist Justin Alexander, “political dysfunction” has kept Kuwait from living up to its full economic potential.

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